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Oct 10, 2013
10/13
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KICU
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despite concerns about the debt ceiling-- money is not rushing to gold as a safe haven. gold futures ended the day yesterday at the lowest levels in more than a week. in india -- however, the price of gold is on the rise. the government is increasing the import duty on the yellow metal as it attempts to stablize inflation rates. mike maloney, the author of "guide to investing in gold& silver" says the recent price hikes there are making silver an attractive option. "they have put some very high tariffs on gold recently...and so people are turning toward silver as an alternative to gold. i expect once gold goes past 3 and 5 thousand dollars an ounce. that youll see the same thing happening here in the u.s. the economic times confirms between january to august india bought more silver than it did in all of 2012. wal mart is temporarily scrapping its plans to build stores in india. the chain said government regulations in the nation are a critical stumbling block. new laws would require 30% of wal mart's inventory to be obtained from local small businesses in india. the cha
despite concerns about the debt ceiling-- money is not rushing to gold as a safe haven. gold futures ended the day yesterday at the lowest levels in more than a week. in india -- however, the price of gold is on the rise. the government is increasing the import duty on the yellow metal as it attempts to stablize inflation rates. mike maloney, the author of "guide to investing in gold& silver" says the recent price hikes there are making silver an attractive option. "they have...
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Oct 13, 2013
10/13
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FOXNEWSW
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the debt ceiling is an artificial barrier because we really do have enough money to pay our debts. and the actual impact would not tap into october 15th. it would be november when we have to make our first payments on the debt. right now we are in this negotiating session where people don't have quite as much pressure as people think they do. >> when you say we could pay all of our debt and that we have the money, do you mean if the treasury provides it? >> no, we are taking in enormous amounts of money every day. what congress has proposed is we should have a law saying that the first thing that the government pays is our debts. that's technically not the law right now. that would take away ambiguity or doubts that we would default or not pay our bills. >> what is this all about? >> posturing and frankly a lot of hot air. >> there are serious issues here. >> why? >> because -- >> they make it sound very real. i believed up until you said that that we really cannot pay our bills. >> we absolutely can and we qil. and we will. that's one of the reasons we reached this debt limit time
the debt ceiling is an artificial barrier because we really do have enough money to pay our debts. and the actual impact would not tap into october 15th. it would be november when we have to make our first payments on the debt. right now we are in this negotiating session where people don't have quite as much pressure as people think they do. >> when you say we could pay all of our debt and that we have the money, do you mean if the treasury provides it? >> no, we are taking in...
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Oct 2, 2013
10/13
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WJLA
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on october 17th, the country will run out of money to pay its bills unless congress raises the debt ceiling. >> tahman bradley, live in washington. thank you. >>> and now, to one of the most touching images from the shutdown. veterans, most of whom had served in world war ii, arrived in washington, d.c. they didn't know the memorial erected in their honor was closed. >> with the help from a few lawmakers the 100 or so vets removed the barriers and were able to walk in. one of the vets from mississippi says this is probably the last trip he'll make to washington. and seeing that memorial was awesome. just awesome. >>> more consequences of the shutdown to note now. the military is closing all 246 of its commissaries on its installations around the world. the commissaries provide tax-free groceries to about 12 million people including military personnel, their families and retirees. >> the people would see their grocery bills claim significantly. >>> and the nation's service academies have suspended all their sports teams. that means no football practice at army, navy and air force. the games
on october 17th, the country will run out of money to pay its bills unless congress raises the debt ceiling. >> tahman bradley, live in washington. thank you. >>> and now, to one of the most touching images from the shutdown. veterans, most of whom had served in world war ii, arrived in washington, d.c. they didn't know the memorial erected in their honor was closed. >> with the help from a few lawmakers the 100 or so vets removed the barriers and were able to walk in. one...
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Oct 2, 2013
10/13
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ALJAZAM
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one is the budget, the other may be more important - raising the debt ceiling. real money's ali velshi is here to talk about this. good to see you. >> i'm not sure what we are going to talk about. i can't get past what was said. heap is, at best, misleading and at worst delusional to suggest this is the normal course of event. the normal course of events is to have a budget agreed upon which by -- by april 15th, not the day after the government shuts down. it is irresponsible to say to americans that what republicans are doing in the house is the normal course of business. they may say they are right or feel strongly about what they are doing, but this is abnormal. this is supposed to be done in april and be in place in october. if this is the way the republicans are convincing themselves it is okay, it's not. as i said to you last night. there's an article in the constitution demanding that the one thing that the government does is create aappropriation deals to spend money, everything else is optional. that's the one thing to do. republicans are preventing it.
one is the budget, the other may be more important - raising the debt ceiling. real money's ali velshi is here to talk about this. good to see you. >> i'm not sure what we are going to talk about. i can't get past what was said. heap is, at best, misleading and at worst delusional to suggest this is the normal course of event. the normal course of events is to have a budget agreed upon which by -- by april 15th, not the day after the government shuts down. it is irresponsible to say to...
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Jan 29, 2013
01/13
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MSNBCW
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ceiling, the amount of money the nation is legally allowed to borrow. ♪ oh, yeah, when it comes to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat roles. jon stewart explains the logic. >> there are certain facts ability upper body streng. 6'4", 240 pound marine and you are injured and you need the marine next to you to carry you back to safety and she weighs 115 pounds. it's irrelevant. we can't have women in combat because they are tiny. they are too delicate. they are little. they are wee little hands. they can barely -- have you ever seen them eat, they pick up a dinner roll. tiny sharp teeth, wait a minute, i'm thinking of mice. mice should not be serving
ceiling, the amount of money the nation is legally allowed to borrow. ♪ oh, yeah, when it comes to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad...
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Jan 6, 2013
01/13
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FOXNEWSW
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and the big question is, because there are three deadlines, the debt ceiling, the sequester and then money to fund the government at the end of march. how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the second. >> without seeing whether or not they can come up with a bipartisan solution. what are we going to end up doing, print money? >> they do that every day. how would anything be different? the bottom line is when you look at the fiscal cliff deal, $600 billion in new revenue on high income earners and $15 billion in spending cuts, leaving a $4 trillion hole on the budget over the next ten years, you can't keep going that direction. something has to happen.
and the big question is, because there are three deadlines, the debt ceiling, the sequester and then money to fund the government at the end of march. how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through...
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Jan 18, 2013
01/13
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WUSA
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. >>> on the national political scene let's talk debt ceiling, the government's limit on how much money it can borrow. the issue divides democrats and republicans and threatens to send us into government gridlock in the next few weeks, but tonight some encouraging news. house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by
. >>> on the national political scene let's talk debt ceiling, the government's limit on how much money it can borrow. the issue divides democrats and republicans and threatens to send us into government gridlock in the next few weeks, but tonight some encouraging news. house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget...
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Sep 27, 2013
09/13
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ALJAZAM
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october 17, if congress does not raise the debt ceiling by then, the government will not be able to pay its bills. the last time washington pushed to the brink of default was 2011. as a result, the company's credit rating was downgraded, leading to higher interest rates for everyone. we have more from washington. >> this is a team that calls for leadership of the house republicans. >> with the clock ticking toward a federal government shutdown tuesday, democrats say despite talk-a-thons and delaying tactics, they are wasting your breath. >> you have huff and puff for 21 hours but you cannot blow the affordable care act away. >> president obama appeared in maryland to tout his signature achievement. >> we are five days away from finishing the job. five days. [ applause ] >> starting on tuesday, you can sign up. >> the president blasted republicans, accusing them of economic ryan catering to the far right. >> all of this would be funny if it wasn't so crazy. >> as mr. obama spoke, reports of another glitch in getting the new law up and running. on line enrollment for small business and in
october 17, if congress does not raise the debt ceiling by then, the government will not be able to pay its bills. the last time washington pushed to the brink of default was 2011. as a result, the company's credit rating was downgraded, leading to higher interest rates for everyone. we have more from washington. >> this is a team that calls for leadership of the house republicans. >> with the clock ticking toward a federal government shutdown tuesday, democrats say despite...
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Sep 16, 2013
09/13
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WGN
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ceiling and the government runs out of money. this is just the kickoff with a series of speeches and interviews focused on the economy. it is amazing how just one guy can impact the market. stocks are looking pretty strong nearing record highs. analyst told bloomberg that summers is seeing a tightening selling. investors responding to that news in a big way. the dow up about 1 percent right now. you know those free tickets that some people got. the allied has decided it will honor those tickets after initially saying they were not sure there will let passengers use them. united says its reservation system was not at fault but is not saying exactly what the problem was. >> >> doctor said it expected mothers should turn if they want the children to grow tall. born 105 years ago today. one classic american story. why she is classic american story. why she is one >> was born the year the chicago cubs won the world series. and a ford introduced the model t >> sober troubled hundred fifth birthday today. introduces us to one of chicago
ceiling and the government runs out of money. this is just the kickoff with a series of speeches and interviews focused on the economy. it is amazing how just one guy can impact the market. stocks are looking pretty strong nearing record highs. analyst told bloomberg that summers is seeing a tightening selling. investors responding to that news in a big way. the dow up about 1 percent right now. you know those free tickets that some people got. the allied has decided it will honor those tickets...
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Oct 6, 2013
10/13
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KNTV
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congress raises the debt ceiling. from that day on, we well owe more than we have money to pay. the president says, congress, do something about this. please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second, what to do with that. >> thank you, larry, for coming in. still ahead on "today in the bay," we'll tell you why hundreds of people took the plunge in the san francisco bay. >>> welcome back. it is going to be another warm day across the bay area. kind of like what we saw yesterday. places that got back into the 80s will be there. even bayside, mid-80s. inland, close to 90 degrees. we want to make sure you take it easy. right now, very comfortable. fall, crisp air in place. 44, santa rosa. 48, n
congress raises the debt ceiling. from that day on, we well owe more than we have money to pay. the president says, congress, do something about this. please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to...
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Sep 28, 2013
09/13
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CNN
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this is money already spent. there are no negotiations just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on -- white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and upset the world, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, i'm still not going to deal with them. so i think that there's more of a possibility for negotiations there because i think everybody agrees they don't really want to know what would happen if the debt ceiling was not raised. >> so dana, what happens this weekend, monday leading to that midnight deadline monday night? >> reporter: well, what happens tomorrow is the house will come in, republicans will meet at noon to try to figure out and finalize what their game plan is on their spending bill, what they're going to add to it. unclear if they're going to vote tomorrow, meaning saturday, or sunday. the senate is gone. they're not planning on coming in unti
this is money already spent. there are no negotiations just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on -- white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and upset the world, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, i'm still not going to deal with them. so i think that there's more...
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Jan 1, 2013
01/13
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CSPAN2
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because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or so, we'll face another need to renew america's mortgage; in other words, the full faith and credit of the united states government of the and that is going to be contentious, a matter of debate. at the same time, the continuing resolution, our temporary spending bill, expires. at the same time, the sequestration conviction in, which is -- sequestration kicks in, which is automatic spending cuts. so we'll have another challenge. let's hope we learned a lesson from this one. the american people are sick and tired of incompetence and political posturing and failure of congress to come t
because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or...
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Sep 28, 2013
09/13
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CNN
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, this is money already spent, there are no negotiations, just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on, white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and would upset the world, you know, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, you know, i'm still not going to daley with them. i think -- to deal with them. i think there's more a possibility for negotiations there because i think everybody agrees they don't really want to know what would happen if the debt ceiling was not raised. >> so dana, what happens this weekend, monday, leading to that midnight deadline monday night? >> well, what happens tomorrow is the house will come in, republicans will meet at noon to try to figure out and finalize what their game plan is on their spending bill, what they're going to add to it. unclear if they're going to vote tomorrow, meaning saturday, or sunday. the senate is gone. the
, this is money already spent, there are no negotiations, just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on, white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and would upset the world, you know, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, you know, i'm still not going to daley with them. i...
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the debt ceiling means we have reached the level and have no money to pay the bills. congress did not raise the debt ceiling. if they do not do that america will not pay its bills and that will affect the economy worldwide. it's a bigger crisis that we do not want to face but i believe we will. >> after a head-on collision, how did a broken train with nobody at the controls or roll onto a track and barrel into a train full of people. 33 people were injured this morning in forest park. >> investigators are still on the scene. they need to find exactly what happened that caused this accident. in the dark with only streetlights to eliminate the point of impact investigators are hoping for some elimination when it comes to determining how they train would nobody inside took off down the tracks and barreled into another standing train filled with passengers. the empty train travel roughly 20 mi. per hour east for almost a mile before it crashed head on into in a car train packed at the harlem station. 33 people were injured suffering cuts bruises and other minor injuries.
the debt ceiling means we have reached the level and have no money to pay the bills. congress did not raise the debt ceiling. if they do not do that america will not pay its bills and that will affect the economy worldwide. it's a bigger crisis that we do not want to face but i believe we will. >> after a head-on collision, how did a broken train with nobody at the controls or roll onto a track and barrel into a train full of people. 33 people were injured this morning in forest park....
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Oct 9, 2013
10/13
by
KICU
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eye 126
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we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means." tomorrow treasury secretary jack lew will testify before congress about the importance of raising the debt limit by the october 17th deadline. two of the u-s's biggest creditors are publicly calling on the nation's politicians to quickly deal with the looming debt ceiling. china and japan hold a combined $2.4-trillion in u-s debt. in its first official response, china says it is the united states' repsonsibility to act. and japan's ministry of finance is reportedly very worried about the situation. add to that the head of the international monetary fund christine lagarde -- who spoke out publicly saying that the failure of u-s politicians to raise the debt ceiling endangers the entire world economy. the government shutdown is creating trying times for traders. last friday --the labor department could not compile its report on unemployment numbers. this week traders will be left guessing on news from usda on grains and livestock. "we're not getting any su
we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means." tomorrow treasury secretary jack lew will testify before congress about the importance of raising the debt limit by the october 17th deadline. two of the u-s's biggest creditors are publicly calling on the nation's politicians to quickly deal with the looming debt ceiling. china and japan hold a combined $2.4-trillion in u-s debt. in its first official...
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Jan 8, 2013
01/13
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KQED
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eye 123
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a separate later thing called the debt ceiling. so it seems to me good economic policy making would get away from these debt ceiling fights and by extension get away from the boehner rule it's not like the boehner rule leads you to if you naught in place then we have a well functioning economy. >> rose: austan, do you have a sense whereof the president would be willing to make entitlement spending cuts? >> i don't have that specific other than to observe the social security side is a lot more understandable and a lot easier to look at that is the health care spending side because we fundamentally understand the social security side. it's all about the aging of the population. on the health care side you have to limit the growth rate and economists-- non-partisan on both sides-- they don't have that great of a sense of how you do that. if it were me i would guess that most discussion would start on social security unless we move into a space which is just kind of choosing dollar amounts and saying we'll only allow health care spendi
a separate later thing called the debt ceiling. so it seems to me good economic policy making would get away from these debt ceiling fights and by extension get away from the boehner rule it's not like the boehner rule leads you to if you naught in place then we have a well functioning economy. >> rose: austan, do you have a sense whereof the president would be willing to make entitlement spending cuts? >> i don't have that specific other than to observe the social security side is...
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Jan 11, 2013
01/13
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WUSA
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unless congress raises the debt ceiling. and government agencies are only funded until march unless congress gives them more money, they're essentially out of business. >> the fact is looking at all three of those, we have no idea what the hell is going to happen. >> reporter: the defense secretary is seriously worried. >> this fiscal uncertainty has become a very serious threat to our national security. >> reporter: and fears the pentagon will be forced to make budget cuts -- >> which is to hollow out the defense force of this nation. >> reporter: defense contractors in the washington area solve military problems -- >> ground penetrating radar provides an image into the ground that you can recognize very explosive hazards. >> reporter: this company in virginia makes the device but there's now a company hiring freeze with much new development on hold. >> we're totally in an uncertain place. >> reporter: steve charles is cofounder of this company in mclean. >> we actually are growing. we've expanded. we have continued to grow
unless congress raises the debt ceiling. and government agencies are only funded until march unless congress gives them more money, they're essentially out of business. >> the fact is looking at all three of those, we have no idea what the hell is going to happen. >> reporter: the defense secretary is seriously worried. >> this fiscal uncertainty has become a very serious threat to our national security. >> reporter: and fears the pentagon will be forced to make budget...
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Jan 8, 2013
01/13
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MSNBCW
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. >> those folks, like the -- some of the folks that are profiled in politico are getting money from -- there are other outside 501 c 3 and 4 organizations that -- ryan, in terms of the president's statement about not playing ball on the debt ceiling, part of me -- i don't know whether there is a part of me that would be in a football stadium with body paint on or not, hopes he does that and says, you know what, you guys barely do anything. why don't you try and do your job, and if you can't get your act together on this, then you can continue to have the terrible ratings and worry about getting primaried in 2014. >> he is awfully committed to this idea that he is not going to negotiate on this debt ceiling at all whatsoever. forget about it. i think republicans who think that they have leverage on this are actually misunderstanding the situation. newt gingrich said it exactly right. a week before the debt ceiling hits, the entire world of global finance will come in, remind them of their class loyalties and enough of them will join with democrats to raise the debt ceiling. that's wh
. >> those folks, like the -- some of the folks that are profiled in politico are getting money from -- there are other outside 501 c 3 and 4 organizations that -- ryan, in terms of the president's statement about not playing ball on the debt ceiling, part of me -- i don't know whether there is a part of me that would be in a football stadium with body paint on or not, hopes he does that and says, you know what, you guys barely do anything. why don't you try and do your job, and if you...
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fails to raise its debt ceiling while president obama would have to find money to service the national debt from somewhere else most likely that will be done by shutting down some of the most costly government programs another possibility is the raising of taxes now that's meaning americans would feel the cold hand of a sturdy but what happens if those measures are not enough while washington would have to announce it was defaulting or politicians and experts say a default would be devastating for both the american and global economy it would affect all countries holding us debt now the u.s. government is obliged to pay back hundreds of billions of dollars each month and that would be put seriously at risk because washington wouldn't have the funds confidence in the u.s. would be severely hit making it much harder to borrow money now that would be one of the world's most indebted countries without a financial safety net further increases in interest rates taxes and unemployment likely to follow possibly undermining the u.s. dollar as a global reserve currency or is the global reserve c
fails to raise its debt ceiling while president obama would have to find money to service the national debt from somewhere else most likely that will be done by shutting down some of the most costly government programs another possibility is the raising of taxes now that's meaning americans would feel the cold hand of a sturdy but what happens if those measures are not enough while washington would have to announce it was defaulting or politicians and experts say a default would be devastating...
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Oct 4, 2013
10/13
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WJLA
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if congress fails to raise the so-called debt ceiling to allow the government to borrow money to pay its bills. >> the longer this goes on, the worse it will be. and it makes no sense. >> reporter: campaign-style event, president obama lashed out at republicans in the house, demanding they vote on a bill to fund the government with no strings attached. >> if the speaker of the house, john boehner, simply let the bill get on the floor for an up or down vote, the shutdown would end today. the only thing that is keeping the government shut down. >> reporter: republicans are voting to reopen parts of the government, including national parks and cancer research. but they continue to demand at least some changes to the health care law before fully reopening the government. >> because there is an insistence on no negotiations, no talking, my way or the highway, we are here. >> reporter: there's no meetings, plans, no talk of compromise. the house of representatives plans to go home this weekend. jonathan karl, abc news, the white house. >>> and all those house members make those trips back
if congress fails to raise the so-called debt ceiling to allow the government to borrow money to pay its bills. >> the longer this goes on, the worse it will be. and it makes no sense. >> reporter: campaign-style event, president obama lashed out at republicans in the house, demanding they vote on a bill to fund the government with no strings attached. >> if the speaker of the house, john boehner, simply let the bill get on the floor for an up or down vote, the shutdown would...
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it effectively suspends the 16- point-four trillion dollar debt ceiling in the meantime. in exchange. the bill requires congress to pass a budget by mid-april or have lawmakers' pay withheld. the budget for 2014 was supposed to be delivered by the president to congress yesterday but insiders say it'll probably be delayed until sometime in march. the u-s justice deparment has filed a civil lawsuit against the "standard and poor's" credit rating agency. the lawsuit accuses s-and-p of ingoring credit risks in order to favor the interests of large investment banks and others. s-and-p and other credit rating agencies have been criticized for giving high ratings to subprime and other mortgage securities. which lost value and contributed to the financial crisis. s-and-p officials denied any wrongdoing. according to a new study chicago has one of the most unpredictable commutes in the nation. the new study, called the "urban mobility report" recommends quadrupling the amount of time you should give yourself for your commute. researchers say if you plan your drive expecting normal
it effectively suspends the 16- point-four trillion dollar debt ceiling in the meantime. in exchange. the bill requires congress to pass a budget by mid-april or have lawmakers' pay withheld. the budget for 2014 was supposed to be delivered by the president to congress yesterday but insiders say it'll probably be delayed until sometime in march. the u-s justice deparment has filed a civil lawsuit against the "standard and poor's" credit rating agency. the lawsuit accuses s-and-p of...
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billion of debt the treasury can exceed the debt ceiling. normally that takes a couple of months, $200 billion, two months of federal deficit spending in this case because there's so much uncertainty with this tax code and tax bill or the treasury is not 100% certain how long it will take so they have been identified and actual day in which the federal government will hit the debt ceiling. the best estimate they can give is about two months but this is the next debate that washington is going to have. we have the parameters and we already have republicans who were upset there are no spending cuts relatively speaking no spending cuts in the bill who are ready to get rolling on spending cuts or entitlement reform in the debt ceiling debate. diane: a rich we found out speaker of boehner did vote yes in favor of passing this bill. we have been talking about the politics involved than i wonder figmick cities here to vote yes on this, being that the bush tax cuts technically expire today so this is no longer a tax increase but typically a tax decr
billion of debt the treasury can exceed the debt ceiling. normally that takes a couple of months, $200 billion, two months of federal deficit spending in this case because there's so much uncertainty with this tax code and tax bill or the treasury is not 100% certain how long it will take so they have been identified and actual day in which the federal government will hit the debt ceiling. the best estimate they can give is about two months but this is the next debate that washington is going...
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Sep 30, 2013
09/13
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MSNBC
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because that's what it means not to raise the debt ceiling. it is not the money that this president has spent. it's the money that prior presidents have spent. it's not that they're doing him a favor. they're doing, in fact, themselves a favor by paying the bills that they have already rang up. and so that's what this is really about. but in their derangement, they believe this is simply a backlash to an illegitimate president who shouldn't be in the white house any old way. and, in fact, they're going to wind up hurting themselves in irreparable ways, not locally. i believe some of these lolley elected congressmen and women are going to stay in office. but they're going to hurt themselves as a national party. but we're not really dealing with one national party. we're, in fact, dealing with two. a very small minority of 30 or 40 congressmen and women who are really running roughshod over the party. and who do you have to blame for that, karl rove, speaker boehner. people who seated and gave life and license to this tea party and the monster t
because that's what it means not to raise the debt ceiling. it is not the money that this president has spent. it's the money that prior presidents have spent. it's not that they're doing him a favor. they're doing, in fact, themselves a favor by paying the bills that they have already rang up. and so that's what this is really about. but in their derangement, they believe this is simply a backlash to an illegitimate president who shouldn't be in the white house any old way. and, in fact,...
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Oct 5, 2013
10/13
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ALJAZAM
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looking ahead to the 17 october deadline to raise the debt ceiling, what is the take. what is the sense on the hill? are we headed for a default? >> yesterday i watched some of the financial shows, and all of the smart money seems to believe that there's no way anyone is going to allow the united states government to not pay its bills, to go into default. not only would that cause a catastrophe at home, it could wreck markets around the world. so the thinking is at least, you know, smarter minds than mine don't believe there'll be a default. the path to getting to - to avoiding a default at this point is not clear. >> there's a lot at stake. randall pinkston on capitol hill. >> supporters for a comprehensive immigration reform are holding rallies in 150 cities across the u.s., wanting congress to pass the immigration bill introduced by democrats this week. the ralies are directed at house republicans who refused to put the bill on the calendar for a vote. and to get president obama to stop deportations. we go to andy who is at a rally. >> this is a national effort for
looking ahead to the 17 october deadline to raise the debt ceiling, what is the take. what is the sense on the hill? are we headed for a default? >> yesterday i watched some of the financial shows, and all of the smart money seems to believe that there's no way anyone is going to allow the united states government to not pay its bills, to go into default. not only would that cause a catastrophe at home, it could wreck markets around the world. so the thinking is at least, you know,...
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we go to debt ceiling. unless we pass the bill, the government can't have more money to spend. they got to agree to budget cuts as part of that and continued resolution. unless the house of representatives votes for continuing resolution for the budget to keep going, unless that happens, they are not going to be able to make additional payments, and so we have tremendous leverage to hold spending down. charles: disagree a thousand percent on the debt ceiling. i don't think republicans played the public relations game well, and if that goes over, they take 1,000% of the blame, and i don't think they have the stomach for that. it might be where they want to make a stand. what's the stand ultimately, no matter what course they use, what does the stand ultimately look like? what do they ask for? what do they get? >> boehner made the point we don't have to give the president's a year east worth of debt ceiling, but a month's worth. we can keep him on a short leash, and the continuing resolution, that's shorter. what we did two years ago, 20 # 11, was to let the president have budget
we go to debt ceiling. unless we pass the bill, the government can't have more money to spend. they got to agree to budget cuts as part of that and continued resolution. unless the house of representatives votes for continuing resolution for the budget to keep going, unless that happens, they are not going to be able to make additional payments, and so we have tremendous leverage to hold spending down. charles: disagree a thousand percent on the debt ceiling. i don't think republicans played...
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Aug 27, 2013
08/13
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CNNW
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will hit the debt ceiling and not borrow more money to pay bills. that is leading to more political back and forth with republicans saying they will not raise it again without more cuts. congress spent the money and should pay for it. the debt ceiling was last increased in january after the fiscal cliff stand off. we'll have more on this ongoing story in money time a few minutes from now. >>> you might remember this, we are hearing from a man at the center of a political. a man put on a mask of president obama at a missouri state fair. it got him banned from the fair for life and led to death threats. it was all a joke, meant to be funny, not racist. >> this clown bit has been around for generations. i didn't think anything more of it than what we are done 15 years ago, ten years ago, five years ago when we have done it with bush and clinton and ronald reagan. i never did anything because of anybody's race. i don't care what color somebody is, if they are blue, white, green, polka dotted, striped. >> he isn't a democrat or republican, just a rodeo c
will hit the debt ceiling and not borrow more money to pay bills. that is leading to more political back and forth with republicans saying they will not raise it again without more cuts. congress spent the money and should pay for it. the debt ceiling was last increased in january after the fiscal cliff stand off. we'll have more on this ongoing story in money time a few minutes from now. >>> you might remember this, we are hearing from a man at the center of a political. a man put on...
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Aug 27, 2013
08/13
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FBC
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ceiling. they will be in a position where they have to violate the debt limit and that is just a big unknown. neither of those are worth incurring. connell: is that the way to go? >> it is not clear to me how you get to guess without a enough members congress. i think you have to give members something. they gave members something. they gave this provision that that if there were not budgets passed that members pay would be docked. that seemed to work in some sense. you have to give people something so they can feel comfortable voting in. connell: thank you for coming on today. >> sure thing. connell: more on this breaking news. related to the white house. charlie has an exclusive report to a possible shakeup. gene sperling is like to leave the post. white house not commenting about it. they are not commenting one way or another. charlie says that there is a possible replacement. there you go. a revolving situation at the white house. charlie will have more at the top of the coming hour. then
ceiling. they will be in a position where they have to violate the debt limit and that is just a big unknown. neither of those are worth incurring. connell: is that the way to go? >> it is not clear to me how you get to guess without a enough members congress. i think you have to give members something. they gave members something. they gave this provision that that if there were not budgets passed that members pay would be docked. that seemed to work in some sense. you have to give...
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Oct 8, 2013
10/13
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CNBC
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every two years on the debt ceiling and they're eventually going to charge more for us to borrow money. that's a big, big problem. >> trust me, we're all sick about hearing it. >> thank you so much. we've got to 15 minutes before the "closing bell" sounds for the day. >> still definitely affecting the markets in a bad way and it could only get worse if the tone doesn't change. up next two market watchers tell us how they're playing the market right after this. ♪ ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. lease the 2014 gx 460 for $499 a month for 27 months. see your lexus dealer. for $499 a month for 27 months. evebut only three in tenents of them are women.th and science. to have enough graduates to fill 21st century jobs... ...we'll have to solve this gender divide. let's inspire more young women to pursue math and science. let's light the way for a new generation. join exxonmobil in advancing math and science education. let's solve this. >>> welcome back. this market having another tough day. >> courtney ragging
every two years on the debt ceiling and they're eventually going to charge more for us to borrow money. that's a big, big problem. >> trust me, we're all sick about hearing it. >> thank you so much. we've got to 15 minutes before the "closing bell" sounds for the day. >> still definitely affecting the markets in a bad way and it could only get worse if the tone doesn't change. up next two market watchers tell us how they're playing the market right after this. ♪...
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Jan 6, 2013
01/13
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CNNW
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you all have spent this money, and he points to congress so you have to raise this debt ceiling. he is, and we expect him to appoint senator chuck hagel whom you know, a republican senator, to be defense secretary. he's quite controversial amongst some of your democratic colleagues but especially among republicans. what do these two stances by the president, his decision to go forward on a nomination that he knows will be controversial, and his decision not to deal with the all on the debt ceiling with the republicans. what does it tell you about president obama's tone in this second term? >> it tells me that he not only won the election but he wants to lead this country. you know, sitting back here and avoiding any confrontation and any controversy is going to make a weakened presidency. he needs to lead for the good of this nation, and we need to work together and find compromise and consensus in both political parties. chuck hagel was a republican senator from nebraska, a decorated veteran of the vietnam war, a person who has a resume that includes service on the foreign relat
you all have spent this money, and he points to congress so you have to raise this debt ceiling. he is, and we expect him to appoint senator chuck hagel whom you know, a republican senator, to be defense secretary. he's quite controversial amongst some of your democratic colleagues but especially among republicans. what do these two stances by the president, his decision to go forward on a nomination that he knows will be controversial, and his decision not to deal with the all on the debt...
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Jan 15, 2013
01/13
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FOXNEWSW
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the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security
the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >>...
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Jan 15, 2013
01/13
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MSNBCW
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. >>> now to the fight over the debt ceiling. with the government on pace to run out of money by mid-february. yesterday president obama warned republican leaders that raising the nation's borrowing limit was nonnegotiable. he also struck back at members of congress who aim to use the issue as leverage to extract deep spending cuts. >> so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. they even entertained the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith a
. >>> now to the fight over the debt ceiling. with the government on pace to run out of money by mid-february. yesterday president obama warned republican leaders that raising the nation's borrowing limit was nonnegotiable. he also struck back at members of congress who aim to use the issue as leverage to extract deep spending cuts. >> so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress...
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Sep 20, 2013
09/13
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MSNBCW
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this is usually done with a simple routine vote to raise what's called the debt ceiling. if you don't raise the debt ceiling, america can't pay its bills. since the 1950s, congress has always passed it. every president has signed it. democrats, republicans, ronald reagan, lyndon johnson, it doesn't matter, this is just a routine thing that you got to do so that treasury can pay the bills. if congress doesn't pass this debt ceiling in the next few weeks, the united states will default on its obligations. that's never happened in american history. basically america becomes a deadbeat. if the world sees america not paying its bills, then they will not buy debt treasury bills from the united states or if they do, they'll do it at much higher interest rates. that means somebody wanted to buy an f-150 will have to pay much higher interest rates eventually, which means you will sell less cars. that's just one example of how profoundly destructive this could be. this is not some abstract thing. this is important. raising the debt ceiling is not the same as approving more spinding
this is usually done with a simple routine vote to raise what's called the debt ceiling. if you don't raise the debt ceiling, america can't pay its bills. since the 1950s, congress has always passed it. every president has signed it. democrats, republicans, ronald reagan, lyndon johnson, it doesn't matter, this is just a routine thing that you got to do so that treasury can pay the bills. if congress doesn't pass this debt ceiling in the next few weeks, the united states will default on its...
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Jun 13, 2013
06/13
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CSPAN2
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repromised you that we would raise the debt ceiling, but we know it made you angry because we mismanaged your money, but we promised we'll reduce the growth of spending by $2.1 trillion. trust us, we'll do it. and here we are -- president obama six months later produced a budget that wiped out all of those cuts and increased taxes, taxes and spending. and this has been the pattern we've been in. so i got to say, we do not need to have this happen. so i'm prepared to meet with the president. i'm prepared to meet with the secretary of defense, the office of management and budget, and talk about where we can find other reductions in spending and reduce some of the reductions on the defense department. we need to reduce a good many of them on the defens defense depa, frankly. and then the defense department can phase in some reductions in spending over the out years. they can do that. but too much too fast is really destabilizing. no business would do that. and so we've got to figure out a way to make the system work. so, mr. president, i was pleased to work with senator levin and senator in
repromised you that we would raise the debt ceiling, but we know it made you angry because we mismanaged your money, but we promised we'll reduce the growth of spending by $2.1 trillion. trust us, we'll do it. and here we are -- president obama six months later produced a budget that wiped out all of those cuts and increased taxes, taxes and spending. and this has been the pattern we've been in. so i got to say, we do not need to have this happen. so i'm prepared to meet with the president. i'm...
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Oct 12, 2013
10/13
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ALJAZAM
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the 17th is the day we run out of money and you have to lift the debt ceiling. when that occurs everything else is going to take a second stake to that. part of this are things you can't control. >> the storm will pass and then we'll be able to move. >> the movement is too large. it's too expansive. it's roots are cemented in our every day life. people are not going to give up on this. >> thi this is who we are. this is like breathing or eating. this is like having to bathe. this is like an every day necessity for our community. that is accomplishing the goal of passing an immigration system. a lot of people think, well we can wait. no we can't. 1100 people were deported today and 1100 tomorrow. and 100,000 have been deported that could have been fitted from that bill. >> there is a story from the "new york times" that talks about any overhaul of the immigration laws is likely to be stalled from any of these things syria or the debt ceiling and ae end of 20 2013 at the best. ddo you think the republicans that are breaking immigration reform may break ranks becau
the 17th is the day we run out of money and you have to lift the debt ceiling. when that occurs everything else is going to take a second stake to that. part of this are things you can't control. >> the storm will pass and then we'll be able to move. >> the movement is too large. it's too expansive. it's roots are cemented in our every day life. people are not going to give up on this. >> thi this is who we are. this is like breathing or eating. this is like having to bathe....
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Jan 29, 2013
01/13
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MSNBC
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once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why s
once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david...
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Oct 11, 2013
10/13
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WJZ
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sides seem open to at least a six week extension to how much money the government can borrow. there is no firm language in place or a timeframe of when a vote in congress would take place. the gop wants to raise the debt limit. democrats say no deal until the government is back open to business. many fear the damage to the republican party could be permanent unless something is done soonerer rather than later. >>> in state houses across the nation governors are taking action. some want permission to reopen national parks. the obama administration has green lighted the idea but says those four states, colorado, south dakota, utah and wyoming must use their own money. state officials say the closings are costing them hundreds of thousands of dollars a day. >>> this morning the senate famed ohio clock has ticked its last talk. workers in charge of winding the 200-year-old time piece were furloughed. >>> two rabbis are being held without bail in a plot to kidnap and torture two men. the rabbis and eight others were charged with kidnapping in a scheme which they bragged about using
sides seem open to at least a six week extension to how much money the government can borrow. there is no firm language in place or a timeframe of when a vote in congress would take place. the gop wants to raise the debt limit. democrats say no deal until the government is back open to business. many fear the damage to the republican party could be permanent unless something is done soonerer rather than later. >>> in state houses across the nation governors are taking action. some want...